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1. Embed this notice
   feld (feld@bikeshed.party)'s status on Saturday, 11-Mar-2023 21:57:01 JST feld

   in reply to

   • HalvarFlake
   Less than 3% of their deposits are FDIC insured
   • Embed this notice
     HalvarFlake (halvarflake@mastodon.social)'s status on Saturday, 11-Mar-2023 21:57:02 JST HalvarFlake

     It is quite possible (or even likely) that I am wrong, but the SVB debacle looks like it'd be a nothingburger if the FDIC handles things competently from here on.

     Depositors may have lost perhaps 10, but not more than 20% of their deposits. Bad, but survivable for most startups. Other banks should be falling over themselves to lend to these startups, collateralized by a receipt from the FDIC about the SVB deposit.

     There is no reason for this thing to go pear-shaped.